First Annual Report EL 31423 for the period 14 May 2015 to 1 November 2017 Mount Bundey Project

Abstract

This report covers exploration during Year 1 of EL 31423. It extends the technical information that was reported in one of the predecessor titles to EL 31423, i.e., the first annual report for EL 29653. That report includes a review of some of the available NTGS datasets and open file reports by previous explorers in the region, reconnaissance mapping in the Halkitis Mt Bundey aggregate quarry, limited geochemical surface rock sampling and lithogeochemical sampling of a limited number of shallow blast holes in the quarry floor. While there has been considerable exploration for gold, base metals iron and uranium in the region surrounding Mount Bundey and Mount Goyder using the intrusion related model and mining operations for gold at Toms Gully, Rustlers Roost, and iron ore at Pritchards Iron Lode, overall the area of this EL has been inadequately explored. Exploration work during the first year is basically a continuation of the work commenced on the three previous HB exploration titles in the area, which have been consolidated into EL 31423. The previous work included a review of some of the open file reports and establishment of a GIS database, brief mapping of lithologies, alteration and mineralisation in the quarry, the collection, description and assay of various quarry products and examples of mineralised materials in and around the quarry.